Sells
USDJPY!Afternoon!!
I have just set up my analysis for USDJPY! I am waiting for a reversal pattern or exhaustion in price on this candle! I.E a 25% wick to be created from the candle!¬ I am also waiting for resistance to be hit and for it to go back to support!
If this candle brushes pasted my 2 trendlines full bullish we can expect it to go higher so i will get out the trade unless it reverses back into my trendline zones and back into the fib channel!
All set up ready to go!"
EURUSD : APPROACHING 1.10 LEVEL FOR THE FOURTH TIME !According to Eurusd technical analysis: There is no change in my view towards the EUR/USD pair, as the general trend is still bearish and the recent attempt for a bullish correction has been unsuccessful as long as it did not hold above the 1.1000/ 1.11500 psychological resistance. Approaching the psychological support level of 1.0800 - 1.075 continues to support the bear's control.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
BTCUSD SELLS??Morning all
Interesting on the btc/usd front where I be looking for sells! as it is touching the 2nd best trendline with it looking like a indecision candle as btc is very volatile.
I will also be looking out for any news related based stuff coming out so it dont just spike me out i would rather get out without news triggering me first!
I will also be looking into hedging this pair! if it goes down to 8500 and see where we find support on higher timeframes!
COINTELEGRAPH!
For large miners in Sichuan, China, the current rainy season will allow them to negotiate lower electricity rates. This means some mining centers will be able to secure a $0.03/KW rate which will bring down the cost of mining to about $6,000.
For over-leveraged or small miners outside of China, however, the halving could have a significantly negative impact on their profit margins.
Whether miners are selling more than they mine because BTC is above the breakeven cost of mining in China or over-leveraged miners are capitulating remains unclear.
But, the data points show miners were most likely leading the sell-off of Bitcoin in the $9,300 to $9,400 range, along with retail investors on Coinbase moving to sell BTC.
GBPJPY BUYSMorning!
This was from Friday last week again Fib retracement levels! Broke the 4hr trendline came back to retest the trendline and now Stops are at B/E
I can see Low volatility today as in the UK there is a bank holiday so no banks will be open or hedge funds! So we can see small moves maybe in the lead up to tomorrow!!
GBPAUD: SHORT TRADE IDEA (250 PIPS REWARD)GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Happy Friday :)